Townhouse construction is outperforming other building sectors, a new analysis from the National Association of Home Builders shows. In the third quarter of this year, townhouses accounted for 33,000 residential construction starts compared to 27,000 in the second quarter of 2017. Construction of townhomes is 24 percent higher than the prior four quarters.Builders expect demand to grow. “Townhouse construction is set for further expansion given
When asked about life priorities, millennials name homeownership as their second-highest goal behind retirement—and before marriage and having children, according to Bank of America’s 2018 Homebuyer Insight Report. Seventy-two percent of millennials say owning a home is their top priority, while 50 percent pointed to marriage and 44 percent to having children.“Millennials are redefining life’s priorities by placing homeownership above ne
Teton County, Wyo., is the richest county in the United States, where residents earn an average income that is 10 times higher than those who live in the poorest county, Hayes County, Neb., according to a new analysis from personal finance website SmartAsset. Residents in Teton County, which is home to Grand Teton National Park, earn an average $214,800 annually, most of which comes from real estate investments.“The counties whose well-heeled,
To draw more attention to a languishing listing, a Houston real estate professional hired two fitness models to pose half-nude in the property photos, depicting everyday household tasks such as cooking or changing a light bulb. But even though the marketing ploy exponentially increased buyer interest, public complaints about the risqué listing prompted a local real estate portal to remove it.“After 40 days on the market and several open hou
Federal agencies have proposed a plan to reduce the number of homes that require an in-person appraisal, hoping to speed up the closing process and save money for home buyers and borrowers looking to refinance. Under the proposal, which was developed by the Federal Deposit Insurance Corp., the Board of Governors of the Federal Reserve System, and the Office of the Comptroller of the Currency, in-person appraisals would be necessary only for homes
About SabrinaHaving the right real estate agent means having an agent who is committed to helping you buy or sell your home with the highest level of expertise in your local market. This means also to help you in understanding each step of the buying or selling process. This commitment level has helped me build a remarkable track record of delivering results.Nothing is more exciting to me than the gratifying feeling I get from helping people meet
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There was a hint of smoke in the air on the morning of Nov. 8 in Paradise, Calif. Aubrey Pruis, in his first year as an association executive at the Paradise Association of REALTORS®, was at the office for a meeting with his colleagues when they spotted ember and ash falling from the sky onto the parking lot. They instantly knew this wouldn’t be an ordinary day.At the time, flames from a wildfire raging nearby hadn’t yet reached Paradise. Bu
Home buyers looking for the best deal of the year on housing may want to wait until the day after Christmas to close on a home. ATTOM Data Solutions, a real estate data firm, analyzed the best days and months for advantageous pricing at state and metro levels.Only 10 days of the year offer discounts below estimated market values—seven in December and one each in October, November, and February, according to the study.ATTOM Data Solutions“Peop
The streak of sluggish home sales finally came to an end in October. Following six consecutive months of decreases, existing-home sales reversed to post a rise last month, the National Association of REALTORS® reported Wednesday. Three of the four major regions of the U.S. reported gains in October.Total existing-home sales—which are completed transactions that include single-family homes, townhomes, condos, and co-ops—increased 1.4 percen
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